Enteligent Inc., a company specializing in solar-powered DC-to-DC chargers for electric vehicles (EVs) has raised $6 million in funding to further develop and commercialize its photovoltaic (PV) module-level power optimizers and bi-directional DC-to-DC solar EV chargers.
Enteligent Powers Electric Delivery Fleet
Enteligent is providing the world's first 25kW DC-to-DC solar EV charger with extended dwell time to a major logistics company, supporting the electrification of its delivery fleet. This funding round was led by Taronga Ventures, a prominent global technology investor dedicated to advancing innovation in sectors like infrastructure and real estate.
This latest funding round raises the company's total fundraising to $19 million since 2021 including previous investments from NOVA, a subsidiary of the global building materials company Saint-Gobain.
“Enteligent’s technology sets a new standard in maximizing solar energy efficiency. Their holistic approach to solar power optimization offers practical solutions with real-world applications that meet the needs of global real asset owners and operators. Together, we can significantly advance decarbonization efforts for real assets.” said Jonathan Hannam, Managing Partner at Taronga Ventures.
Enteligent Selected for Taronga Ventures' ESG Impact Program
Enteligent was chosen by Taronga Ventures' program arm, RealTechX as one of 12 companies worldwide to join its ESG Impact program in 2023. The program's partners included APG, CapitaLand, CBRE, Dexus, International Towers, ISPT, Ivanhoé Cambridge, PGIM Real Estate and Vicinity Centres. Through this program, Enteligent enhanced its ESG strategy for the real asset sector.
“Our mission is to drive a paradigm shift in energy consumption habits by leveraging abundant solar power and our innovative technology to facilitate society's transition to electrification. Having an industry leader such as Taronga Ventures as our lead investor is a significant endorsement of our technology,” said Sean Burke, Enteligent CEO and co-founder.
Enteligent Introduces Solar-Powered EVSE
Alongside its 25kW DC-to-DC fleet charging platform, Enteligent is also pre-selling its solar-powered TLCEV T1 EVSE which operates directly from sunlight and offers convenient and cost-effective daytime charging from on-site solar energy.
This approach encourages a significant change in energy consumption habits by enabling solar power to be used directly at the point of generation for charging. The DC-coupled charger delivers up to 12.5 kW of fast DC charging which is twice as fast as many AC Level 2 EV chargers. This model, along with other Enteligent DC-to-DC EV chargers eliminates the energy losses caused by unnecessary DC-to-AC-to-DC conversions in AC-powered EVSEs leading to energy savings of up to 20%.
Enteligent’s NMax PV module power optimizers equipped with rapid shutdown safety features ensure each solar panel consistently operates at peak efficiency. Enteligent offers the only module-level power electronics (MLPE) that combine rapid shutdown device (RSD) capabilities with panel-level performance data via PLC resulting in an average 10% increase in electricity yield for typical rooftop solar installations.
Solar inverter suppliers that integrate Enteligent’s NMax PV module-level optimizers as part of a branded package are eligible for the full Inflation Reduction Act (IRA) Manufacturing Tax Credit (45X MPTC).